Perficient, Inc. provides IT consulting services. Perficient helps companies adapt their systems to the Internet using third party software products. Their work includes custom development and platform implementations through partnerships with companies including IBM

IBM

International Business Machines Corporation or IBM is an American multinational technology and consulting corporation headquartered in Armonk, New York, United States. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas...

, Oracle

Oracle Corporation

Oracle Corporation is an American multinational computer technology corporation that specializes in developing and marketing hardware systems and enterprise software products – particularly database management systems...

, Microsoft

Microsoft

Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...

, TIBCO and EMC Documentum. The firm primarily performs project-based work, a large portion of which involves business intelligence

Business intelligence

Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....

 and portal collaboration

Enterprise portal

An enterprise portal, also known as an enterprise information portal or corporate portal, is a framework for integrating information, people and processes across organizational boundaries. It provides a secure unified access point, often in the form of a web-based user interface, and is designed...

. Many of their customers are looking to use technology to support a product or service that is differentiating for them so customization is a common service offered by the firm. Perficient also has offshore capabilities.

Perficient has over 1,400 employees and its clients include AT&T, Bank of America

Bank of America

Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...

, Boy Scouts of America

Boy Scouts of America

The Boy Scouts of America is one of the largest youth organizations in the United States, with over 4.5 million youth members in its age-related divisions...

, Coca-Cola

Coca-Cola

Coca-Cola is a carbonated soft drink sold in stores, restaurants, and vending machines in more than 200 countries. It is produced by The Coca-Cola Company of Atlanta, Georgia, and is often referred to simply as Coke...

, Duke Energy

Duke Energy

Duke Energy , headquartered in Charlotte, North Carolina, is an energy company with assets in the United States, Canada and Latin America.-Overview:...

, Family Dollar

Family Dollar

Family Dollar is a regional chain of variety stores in the United States. It opened in 1959 and operates approximately 6,617 stores in 44 states and the District of Columbia. It is headquartered in Matthews, North Carolina....

, Lowe’s, Piedmont Natural Gas and Wells Fargo

Wells Fargo

Wells Fargo & Company is an American multinational diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home...

.

Formation and early years

In the ten year span between 1999 and 2009, Perficient grew from 9 employees to over 1,000 employees.

Jeffrey Davis was named CEO in September, 2009 During Mr. Davis' tenure as CEO, the firm has added over 1,000 more employees and has added more than $200 million in annual revenues. The company also transitioned from the Nasdaq SmallCap Market to the Nasdaq Global Select Market. Perficient was also added to the Russell 2000

Russell 2000

The Russell 2000 Index is a small-cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index.The Russell 2000 is by far the most common benchmarkfor mutual funds that identify themselves as "small-cap",...

 and S&P SmallCap 600 indices.

Growth

Perficient was featured in the June 20, 2005 edition of BusinessWeek.

"Little-known Perficient (PRFT), whose solid first quarter represented its ninth straight period of increased operating earnings, isn't done pulling favorable surprises."

In 2010, Perficient moved its headquarters to Town & Country in St. Louis, MO.

Perficient was named to the Forbes

Forbes

Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...

list of "The Companies Hiring The Most Right Now" in August, 2010. This list classified "midsize companies with the greatest number of job openings listed at the moment."

"There's been a lot of demand building in health care

Health care

Health care is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, allied health, and other care providers...

 over the last six months," Davis says. "It's moving at the best clip we've seen in the last six years." Much of that activity comes from companies preparing to adapt to the requirements of the health care legislation that passed the United States Congress

United States Congress

The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....

 in the spring and will take effect by 2014.

In 2011, Perficient announced that it had acquired business and management consulting

Management consulting

Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....

 firm, Exervio for $13.6 million. The purchase price includes $7.6 million in cash and $6 million in Perficient common stock. Roughly $3.4 million of the total consideration is subject to earnout and working capital provisions, Perficient said. 7 Mile Advisors served as M&A advisor to Exervio on the transaction.

"Exervio’s high-value portfolio of management consulting skills significantly enhances our existing business consulting qualifications and offers strong pull-through potential for our custom and packaged application development, implementation and integration services," said Jeffrey Davis, Perficient’s chief executive officer and president.

Key acquisitions

Company	Date Acquired	Capabilities	Purchase Price	Former Headquarters
JCB Partners LLC	July, 2011	Enterprise Performance Management Enterprise performance management Enterprise Performance Management is a management field of Business Performance Management which considers the visibility of operations in a closed-loop model across all facets of the enterprise. There are several emerging domains in the EPM field which are being driven by corporate initiatives,...	$18 million	Denver, CO
Exervio, Inc.	April, 2011	Management Consulting Management consulting Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....	$13.6 million	Charlotte, N.C.
speakTECH	December, 2010	Web Design Web design Web design is the process of planning and creating a website. Text, images, digital media and interactive elements are used by web designers to produce the page seen on the web browser...	$15 million	Costa Mesa, CA
Kerdock Consulting	March, 2010	Enterprise Performance Management Enterprise performance management Enterprise Performance Management is a management field of Business Performance Management which considers the visibility of operations in a closed-loop model across all facets of the enterprise. There are several emerging domains in the EPM field which are being driven by corporate initiatives,...	$6 million	Houston, TX
ePairs	November, 2007	CRM CRM - Sales and marketing :* Customer relationship management, processes implemented by a company to handle its contact with its customers* cause-related marketing, a type of marketing* Courtesy reply mail, a type of business mail- Companies and institutions :...	$6 million	Cupertino, CA
BoldTech Systems, Inc.	September, 2007	Offshoring	$20.8 million	Denver, CO
Tier1 Innovation, LLC	June, 2007	CRM CRM - Sales and marketing :* Customer relationship management, processes implemented by a company to handle its contact with its customers* cause-related marketing, a type of marketing* Courtesy reply mail, a type of business mail- Companies and institutions :...	$14.3 million	Denver, CO
E-Tech Solutions	February, 2007	IT Consulting Information technology consulting Information technology consulting is a field that focuses on advising businesses on how best to use information technology to meet their business objectives...	$12.2 million	Philadelphia, PA
Insolexen	May, 2006	Enterprise Application Integration Enterprise application integration Enterprise Application Integration is defined as the use of software and computer systems architectural principles to integrate a set of enterprise computer applications.- Overview :...	$13.4 million	Novi, MI
Vivare	September, 2005	Service Oriented Architecture	$9.4 million	Dallas, TX
iPath Solutions	June, 2005	Enterprise Content Management Enterprise content management Enterprise Content Management is a formalized means of organizing and storing an organization's documents, and other content, that relate to the organization's processes...	$7.9 million	Houston, TX

Awards

Perficient was named to Forbes' 200 Best Small Companies List in October, 2009.

Perficient was ranked number 10 by readers of Consumer Goods Technology Magazine in the 2009 Readers' Choice Survey of Top Consulting Firms.

Competitors

Perficient's primary competitors are Accenture

Accenture

Accenture plc is a global management consulting, technology services and outsourcing company headquartered in Dublin, Republic of Ireland. It is the largest consulting firm in the world and is a Fortune Global 500 company. As of September 2011, the company had more than 236,000 employees across...

, Ciber

Ciber

CIBER, Inc. is a global information technology consulting, services and outsourcing company applying practical innovation through services and solutions that deliver tangible results for both commercial and government clients...

, Sapient (company), Ernst & Young

Ernst & Young

Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....

, and PricewaterhouseCoopers

PricewaterhouseCoopers

PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....

.